A new production function estimate of th
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Matthieu Lemoine; Gian Luigi Mazzi; Paola Monperrus-Veroni; FrΓ©dΓ©ric Reynes
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Article
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2010
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John Wiley and Sons
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English
β 425 KB
π 1 views
## Abstract We develop a new version of the production function (PF) approach for estimating the output gap of the euro area. Assuming a CES (constant elasticity of substitution) technology, our model does not call for any (often imprecise) measure of the capital stock and improves the estimation o